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Thread: Romney reveals he pays about 15% in taxes(edited)

  1. #991
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    Ultra low rates? when the 15% actual rate the uber wealthy pay is still higher than at least 97% of the country?

    why are not you pissing and moaning about the ZERO RATE 50% of the country pays
    TD... Did you really think that after I busted you 100 times previously for using that ridiculously obvious distortion that I would somehow not notice you trying it again?

    As you know very, very, well at this point, everybody pays taxes. The bottom 20% pays 16%, the average American pays 27%. Quit pretending that you don't know that.

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by teamosil View Post
    TD... Did you really think that after I busted you 100 times previously for using that ridiculously obvious distortion that I would somehow not notice you trying it again?

    As you know very, very, well at this point, everybody pays taxes. The bottom 20% pays 16%, the average American pays 27%. Quit pretending that you don't know that.
    the only provable lie on this thread was your claim that Romney's comment included all his taxes

    your 27% is all taxes and I have YET TO SEE ANY PROOF OF THAT so quit your lying

    The bottom 20% include all those who are paying state taxes with HANDOUTS

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by MaggieD View Post
    Taxing long-term capital gains at a lower rate most definitely encourages investors to put their money into the U.S. economy. That's not a bad thing; that's a good thing. Dividends, which are also treated as capital gains, are taxed twice. Once, to the company who's paying them; and again by the investor who receives them. That's rather unprecedented, really. Next, while the value of my stock goes down, I'm still required to pay capital gains tax rates on dividends I receive...so I can actually lose money on a stock, and still pay taxes to Uncle Sam. Also, in periods of inflation, the capital gain that has to be recognized isn't adjusted to inflation. Best example would be a second home. Much of the appreciation in real estate is due to the rate of inflation.
    Baloney Maggie. That is utter poppycock. You are way too smart to fall for that double taxation BS and think it means anything.

    Money is taxed hundreds of times. I get 1000$ in salary and pay tax on it. I pay it to the store and they pay tax on it. They pay it to a worker in wages and they pay tax on it. She pays it to her landlord who pays tax on it. The landlord pays it to a handyman to do repairs on his units and pays tax on it. And on and on and on and on and on. every time the money changes hands with a new owner, there is potential tax liability.

    But the rich and their defenders pretend that capital gains are some special thing that defies the rule of money ownership.

    Gimme me the worlds smallest violin.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    your 27% is all taxes and I have YET TO SEE ANY PROOF OF THAT so quit your lying
    OMG. TD. How many times have I posted the link to you just in the past few days? What is the matter with you? It's like you're stuck in some sort of bizarre loop. It's like that movie Memento. Did you see that? Maybe you need to start tatooing these things on your body like he did or something?

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    it would only be egalitarian if the current position is too

    its not, the rich are overtaxed, the people who drive government spending are vastly undertaxed
    What reason does the working class have to continue the tax cuts for the rich in November??
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by TurtleDude View Post
    great, that means short term capital gains should be treated the same as long term ones (better think that through-not a really smart idea)

    It also means that dividend income would not have two slices taken by the government

    and all income would be taxed at the same rate for everyone


    again, this claim of yours is another attempt of "lets find a reason to take more money from the wealthy"
    Taxing all money coming into a persons pocket or account according to the same tax schedule regardless of the source is NOT a call for a flat tax no matter how desperate the defenders of tax inequality want to jump at that false hope.

    All money - regardless of the source - can indeed be taxed as income. At the same time, our progressive tax structure has tax brackets to then tax that income as to the proper place on the tax schedule.

    As DeNiro said in THE DEERHUNTER.... "this is this, this isn't something else, this is this."

    So lets please exercise a bit of intellectual integrtity please.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    What reason does the working class have to continue the tax cuts for the rich in November??
    There are several.

    1. Consideration of money in small business (which in case you forgot employ's the lion share of people in this country) are treated as "rich" in democrat dishonest claims.

    2. That the term "rich" is overly vague and can be moved ever downward as liberal progressives start running out of upper income levels to fund their spending. Think AMT.

    3. I always try to keep in mind the old adage...."They came for my neighbors things and I said nothing....."

    Get the picture....?


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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by Catawba View Post
    What reason does the working class have to continue the tax cuts for the rich in November??
    You will not get a good answer that makes any sense for the nation as a whole.

    Its a matter of pure selfish greed. Its like Gollum with the One Ring.
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by haymarket View Post
    You will not get a good answer that makes any sense for the nation as a whole.

    Its a matter of pure selfish greed. Its like Gollum with the One Ring.

    Wow, you sure have a lot of balls dude...Speaking for everyone else as though you could.


    j-mac
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    Re: Romney's tax rate is only half as high as the middle class pays

    Quote Originally Posted by j-mac View Post
    There are several.

    1. Consideration of money in small business (which in case you forgot employ's the lion share of people in this country) are treated as "rich" in democrat dishonest claims.

    2. That the term "rich" is overly vague and can be moved ever downward as liberal progressives start running out of upper income levels to fund their spending. Think AMT.

    3. I always try to keep in mind the old adage...."They came for my neighbors things and I said nothing....."

    Get the picture....?


    j-mac
    There is no picture to get. None of those even begin to approach a logical rational reason why the average working person should support a discriminatory and preferential tax rate on capital gains which primarily benefit the wealthy that is less than half of a worker making the same amount.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

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